Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.

Warren Buffet

Capital Market Review

What could go wrong? Last quarter we discussed the return of international leadership in the capital markets. It seems only right that in a quarter where emerging market stocks went up 8.04 percent that we maintain that focus.

The lost decade. Back in 2010 there was a great deal of talk about how the United States stock market had gone nowhere for a decade. Fast forward seven years and we now find ourselves at the top of a very old bull market in US stocks, while the rest of the world has now experienced a lost…

We have a new administration who has promised to take us in a new direction. The outline of which most investors have pronounced positive, with their actions if not otherwise. But, ultimately it is about what actually happens and not just promises.

What could go wrong? Last quarter we discussed the return of international leadership in the capital markets. It seems only right that in a quarter where emerging market stocks went up 8.04 percent that we maintain that focus.

~Third Quarter 2017

The lost decade. Back in 2010 there was a great deal of talk about how the United States stock market had gone nowhere for a decade. Fast forward seven years and we now find ourselves at the top of a very old bull market in US stocks, while the rest of the world has now experienced a lost decade. Markets move in long term trends. Are we at the end of the US bull market or the beginning of an international bull market?

~Second Quarter 2017

We have a new administration who has promised to take us in a new direction. The outline of which most investors have pronounced positive, with their actions if not otherwise. But, ultimately it is about what actually happens and not just promises.